Endowment Funds

Establish an Endowment Fund

An Endowment Fund is a lasting gift. It is a seed we plant for the future. Endowment funds provide income for immediate use while the principal remains intact and grows. The Foundation is a responsible vehicle for Tzedakah. Purposeful giving embraces the best of Jewish values and our heritage. As a permanent resource, your endowment gift helps to ensure that our Jewish community will have the funds needed to sustain and enrich the lives of future generations.

Establish an Endowment Fund in your name with a current or deferred gift. The fund can be restricted to benefit any single synagogue, agency or organization you select, or it can be part of our General Endowment Fund for disbursement to wherever the needs are greatest for the future Jewish community. With endowed funds, only the income is dispersed annually to the donor’s designated charity, the principal being left intact and invested for growth. These permanent funds are the safekeeping our Jewish community needs to ensure its future.

Types of Endowment Funds:

Unrestricted Endowment FundsAnnual campaigns can no longer shoulder the entire burden of the financial well being of the Jewish community. Federation and Foundation must join together to achieve this goal. The Unrestricted Endowment Fund is a permanent financial resource which provides a steady and growing stream of dollars to guarantee our community’s response to the future needs of a changing Jewish community.

Restricted Endowment FundsAs a donor, you may restrict the use of your fund to a specific program, agency, organization or synagogue within the Jewish community.

Each year the chosen recipient will receive income from your gift to continue its work. Restricted Endowment Funds serve the needs of your designated organization and your fund continues to grow. Your gift sustains them and your legacy lives on for generations to come.

Field of Interest Endowment FundsYou may prefer to support a general field of Jewish communal activities such as education, youth, the elderly or social services in Israel. Education is even more vital in helping us preserve our Jewish identity. More services for older adults are needed as this segment of our population grows. Israel, isolated among hostile neighbors and struggling with economic burdens, counts on our aid to maintain vital human services. Each year your Field of Interest Endowment fund will support programs in your area of interest. You can be assured that your gift will be there to sustain that group into the future.

Perpetual Annual Campaign Endowment – PACEA PACE fund is used to endow your gift to the Jewish Federation of Central New York. Every year the income generated from your PACE fund is donated to the Jewish Federation of Central New York’s annual campaign in your name as an everlasting tribute. You will be forever recognized in the annual listing of donors to the campaign. This is an important vehicle to ensure the stability and growth of our community’s annual campaign.

The Community PACE FundThis special community endowment fund was created to provide an opportunity for smaller donors to contribute to a Perpetual Annual Campaign Endowment Fund.

The name of the donor, a loved one to be memorialized or a friend to be honored will be added to the growing list names in this fund with a minimum $100 donation for each name.

Use of this fund can be considered a “forever gift” that keeps on giving. All income from this fund will be sent each year to the Jewish Federation of CNY’s annual campaign in perpetuity.